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On December 31, Strike Company sold one of its batting cages for $235,152. The equipment had an original cost of $276,650 and has accumulated depreciation

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On December 31, Strike Company sold one of its batting cages for $235,152. The equipment had an original cost of $276,650 and has accumulated depreciation of $41,498. Depreciation has been recorded up to the end of the year. What is the amount of the gain or loss on this transaction? Ca. gain of 555,331 b. loss or S(41,498) c. no gain or loss d. cannot be determined with information given

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